Lloyds Banking Group plc (NYSE:LYG) traded at $2.15 at last check on Tuesday, November 22, made an upward move of 0.96% on its previous day’s price.
Looking at the stock we see that its previous close was $2.13 and the beta (5Y monthly) reads 1.21 with the day’s price range being $2.11 – $2.14. The company has a trailing 12-month PE ratio of 7.42. In terms of its 52-week price range, LYG has a high of $3.00 and a low of $1.70. The company’s stock has gained about 13.30% over that past 30 days.
Lloyds Banking Group plc has a market cap of $35.42 billion. With its Forward Dividend at 0.10 and a yield of 4.84%, the company’s investors could be anxious for the LYG stock to gain ahead of the earnings release.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LYG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Lloyds Banking Group plc (LYG) stock as a Hold, while 11 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 8.69% off its SMA20 and 9.89% from its 50-day simple moving average. The RSI (14) is pointing at 64.66 while the volatility over the past week is 1.79% and jumps to 2.16% over the past one month. The beta value is 1.27, while the average true range (ATR) is currently pointing at 0.06. The average price target for the stock over the next 12 months is $2.72, with the estimates having a low of $2.04 and a high of $3.43. These price ends are 5.12% and -59.53% off the today’s price level respectively, although investors could be excited at the prospect of a -23.26% if the LYG share price touches on the median price of $2.65.
Let’s briefly compare Lloyds Banking Group plc (LYG) stock to its peers. We find that today’s price change of 0.96% and -17.76% over the past 12 months for LYG. Another of its peers Banco Santander S.A. (SAN) has gained 3.27% today, and was -20.06% down over the past year, while Royal Bank of Canada (RY) is also up 1.33% yet, while its price remains in the red at -5.31% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.
Coming back to Lloyds Banking Group plc (NYSE:LYG), we note that the average 3-month trading volume was 11.08 million, while that of the preceding 10-day period stands at 7.7 million. Current shares outstanding are 17.55 billion.
The insiders hold 81.30% of the company’s shares while institutions hold 2.20%. The data shows that short shares as of Oct 13, 2022, stood at 9.84 million at a short ratio of 0.69. This represents a 0.06% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 8.2 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -16.47% down in year-to-date price movement.